This property looks like a bad Long-Term investment with a projected -4.1% first-year return on $31,290 initial cash invested.
-4.1%
Cash On Cash
6.47%
Cap Rate
0.95
DSCR
$1,321
Rent
-$107
Cashflow
Cash Flow
$1,321 income − $1,428 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$149k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,290
Downpayment
20%
$29,800
Closing costs
1%
$1,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,321
Total Expenses
$1,428
Mortgage P&I
64%
$844
Property Taxes
14%
$189
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0